Consolidated Edison Inc (NYSE:ED) Stock Has Average Target Price of $107.73 According to Analysts

Key Points

• Analysts rate Consolidated Edison “Reduce” overall: Sixteen firms issued six sell, seven hold, and three buy ratings, with an average 12-month price target of $107.73 versus the stock’s reported $112.01 price.
• Recent financial results exceeded expectations: Consolidated Edison reported quarterly EPS of $0.83 versus the $0.76 consensus and revenue of $4.07 billion versus $3.60 billion expected. Analysts forecast full-year EPS of $6.10, within the company’s $6.00–$6.20 guidance.
• The company maintains a notable dividend: It declared a quarterly dividend of $0.8875, or $3.55 annualized, representing a 3.2% yield and a 58.29% payout ratio. Institutional investors own 66.29% of the stock.

Consolidated Edison Inc (NYSE:ED - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the sixteen research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $107.73.

ED has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a research note on Monday. KeyCorp decreased their target price on shares of Consolidated Edison from $94.00 to $87.00 and set an "underweight" rating for the company in a research report on Tuesday, October 13th. Barclays decreased their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a research report on Friday, August 7th. Mizuho set a $108.00 target price on shares of Consolidated Edison in a report on Wednesday, October 7th. Finally, Wells Fargo & Company raised their price target on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Consolidated Edison in the 2nd quarter worth approximately $4,609,491,000. Lazard Asset Management LLC grew its stake in Consolidated Edison by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider's stock valued at $800,843,000 after buying an additional 910,244 shares in the last quarter. Deutsche Bank AG bought a new stake in Consolidated Edison during the 2nd quarter valued at $749,184,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Consolidated Edison by 7.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider's stock valued at $536,298,000 after acquiring an additional 353,000 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Consolidated Edison during the second quarter worth $494,352,000. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $112.01 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23. The stock's 50 day moving average is $106.64 and its 200-day moving average is $108.41. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.80 and a beta of 0.26.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same period last year, the business earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison's dividend payout ratio is 58.29%.

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.

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